Ping An Insurance of China : ANNOUNCEMENT OF PREMIUM INCOME
September 11, 2020 at 06:15 am EDT
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ANNOUNCEMENT OF PREMIUM INCOME
Pursuant to the "No. 2 Interpretation of Accounting Standards for Business Enterprises" and the "Regulations regarding the Accounting Treatment of Insurance Contracts" of the Ministry of Finance of the PRC, the accumulated gross premium incomes of the subsidiaries of the Company for the period from January 1, 2020 to August 31, 2020 are set out as follows:
(in RMB ten thousand)
January-August 2020
Subsidiaries
The accumulated gross premium income
Ping An Property & Casualty Insurance Company of
19,279,255
China, Ltd.
Ping An Life Insurance Company of China, Ltd.
34,398,195
Ping An Annuity Insurance Company of China, Ltd.
1,846,858
Ping An Health Insurance Company of China, Ltd.
649,945
The details of the accumulated gross health insurance business for the follows:
premium income of the life insurance and abovementioned period are set out as
(in RMB ten thousand)
January-August 2020
Life Insurance and Health Insurance Business
Individual business
35,202,410
New business
8,856,896
Renewal business
26,345,514
Group business
1,692,588
New business
1,682,403
Renewal business
10,185
Total
36,894,998
Notes:
The Company conducts life insurance and health insurance business through Ping An Life Insurance Company of China, Ltd., Ping An Annuity Insurance Company of China, Ltd. and Ping An Health Insurance Company of China, Ltd. The accumulated gross premium income for life insurance and health insurance business of the Company is the sum of the gross premium income of each of these three subsidiaries.
The Company has categorized the policyholders of the life insurance and health insurance business into individual business and group business.
The details of the accumulated gross premium income of Ping An Property & Casualty Insurance Company of China, Ltd. for the abovementioned period are set out as follows:
(in RMB ten thousand)
January-August 2020
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance
12,867,415
Non-automobile insurance
5,328,292
Accident and health insurance
1,083,548
Total
19,279,255
Investors are advised to take note that the abovementioned information has not been audited.
By order of the Board
Sheng Ruisheng
Joint Company Secretary
Shenzhen, PRC, September 11, 2020
As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Xie Yonglin, Tan Sin Yin, Yao Jason Bo and Cai Fangfang; the Non-executive Directors are Soopakij Chearavanont, Yang Xiaoping and Wang Yongjian; the Independent Non-executive Directors are Ge Ming, Ouyang Hui, Ng Sing Yip, Chu Yiyun and Liu Hong.
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Ping An Insurance (Group) Co. of China Ltd. published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 10:14:03 UTC
Ping An Insurance (Group) Company of China, Ltd. is a personal financial services provider. The Company provides insurance, banking, investment, and Internet finance products and services. The Company operates its businesses through four segments. The Insurance segment provides life insurance and property insurance, including term, whole-life, endowment, annuity, automobile and health insurance. The Banking segment is engaged in loan and intermediary businesses with corporate customers and retail business. The Assets management segment is engaged in security, trust and other assets management businesses, including investment, brokerage, trading and asset management services. The Internet Financing segment is engaged in the provision of Internet finance products and services.
PING AN INSURANCE GROUP COMPANY 
